RLI CORP — Director's Dealing 2011

Nov 22, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2011-11-21

Reporting Person: LINKE CHARLES M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-11-21	Common Stock	M	3000	$22.55	Acquired	14528.058	Direct
2011-11-21	Common Stock	M	2407	$33.39	Acquired	16935.058	Direct
2011-11-21	Common Stock	F	2108	$70.23	Disposed	14827.058	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-11-21	Stock Option	$22.55	M	3000	Disposed	2013-05-01	Common Stock (3000)	Direct
2011-11-21	Stock Option	$33.39	M	2407	Disposed	2014-02-02	Common Stock (2407)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	11700.1145	Indirect

Footnotes

F1: Stock Option grant price adjusted to reflect $7 RLI extraordinary dividend paid 12/29/10.

F2: Ownership reflects dividend reinvestment.